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FSA bans lenders from selling PPI

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06-01-2009, 02:02 PM

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FSA bans lenders from selling PPI

The Financial Services Authority (FSA) has banned lenders from selling payment protection insurance (PPI) alongside unsecured personal loans.Starting today, banks and other loan providers are no longer allowed to sell PPI, the FSA has ruled.“No firms will be selling single premium PPI on unsecured personal loans from today following FSA intervention and action with the [...]

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